Report
Nicolas David

Alten : Alten establishes solid lead in H1

>Profitability ahead of expectations in H1 but low FCF - Alten reported its H1 2022 results on Friday morning. H1 adjusted operating profit came to € 208.6m, up 52% y-o-y and 3% ahead of expectations. The operating margin was 11.4%, an improvement of +160bp y-o-y, with a visible uptick both in France (+90bp) and international markets (+170bp). This is the highest level in H1 since H1 2006. The group benefited from a combination of several positive factors: an above-n...
Underlying
Alten SA

Alten is a holding company. Through its subsidiaries, Co. operates in three areas: Engineering and Technology Consulting (ETC), Telecoms Networks and Multimedia, and Information Systems (NTIS). Through the Engineering and Technology Consulting (ETC) segment, Co. studies and designs technology products for technical divisions in industry and telecoms. The Telecoms Networks and Multimedia segment focuses on Product design, Architecture, deployment, and operation of networks. Lastly, the IT systems segment comprises Applications and software development, and Infrastructure and Telecoms (Applications, systems and networks Corporate telecommunications).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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